05.11.22

Garment exports shrink 30% as slowdown hits Europe, US

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Garment exporters are feeling the heat of economic slowdown in Europe and the US with exports falling as much 30% and reducing capacity utilisation.

The economic slowdown has affected all the garment exporting countries, but the impact is more on India because of traditional inefficiencies.

Export-oriented units are operating on Average at around 70% of capacity.

Reduced tax on buying latest machines, skills development in the sector, easy availability of raw materials and creating centre of excellencies are some of the major points to be looked for.

National Mission for Clean Ganga Organizes Ganga Utsav – The River Festival

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National Mission for Clean Ganga (NMCG) organized Ganga Utsav – The River Festival 2022 on 4thNovember at New Delhi in two sessions.

Ganga Utsav 2022 is dedicated to theAzadi ka Amrit Mahotsavthat is being observed to commemorate the 75 years of Indian Independence. As Ganga Utsav 2022 is held in the 75thyear of independence, it is planned to have 75 separate events in Ganga and its tributary basin cities and towns, by August 2023, 3-day events in 15 major cities like Haridwar, Mathura, Delhi, Kanpur, Varanasi, Patna, Bhagalpur, Kolkata etc., 1-day events in 60 smaller towns/cities, in which local and pan-India culture based events will be promoted.

Army approves five niche tech projects for development by domestic industry

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The Army has approved five Project Sanction Orders (PSOs) for development of Niche technology by the Indian under Make-II route of DEFENCE procurement. The projects include High Frequency Man Packed Software Defined Radios (HFSDR), drone kill systems, Infantry Training Weapon Simulator (IWTS), Medium Range Precision Kill Systems (MRPKS) and 155mm Terminally Guided Munitions (TGM).

Make II projects are essentially industry funded projects involving design, development and innovative solutions by Indian vendors for development of prototypes. An assurance of order is given after successful prototype development.